Videocon may pay $700 mn for Daewoo unit Videocon’s long wait to acquire South Korean appliance maker Daewoo Electronics is drawing to a close with a deal expected to be signed this week. Sources close to the...
Govt sets up GoM to speed up merger of Air India, Indian
Govt sets up GoM to speed up merger of Air India, Indian In a move that takes Air India and Indian closer to the much-discussed mega merger in the Indian aviation sector, the government has set up a group of ministers...
Videocon may seal Daewoo buyout on Wednesday
Videocon may seal Daewoo buyout on Wednesday After weeks of protracted negotiations, Videocon Industries-led consortium is looks set to acquire South Korean appliances maker Daewoo Electronics for $700 million. Sources...
ClientLogic to acquire Sitel
ClientLogic to acquire Sitel ClientLogic Corp, a subsidiary of the $15-billion Canadian Onex Corp, is set to acquire Sitel Corp, a US-based business process outsourcing services provider with significant presence in...
Tata offers $7.6 bn for Corus
Tata offers $7.6 bn for Corus In the biggest overseas acquisition attempt by an Indian company, Tata Steel today said it was willing to offer $7.64 billion (around Rs 34,500 crore) in cash for buying Corus, the...
Tata Steel makes $8-bn cash offer to buy Corus
Tata Steel makes $8-bn cash offer to buy Corus Tata Steel took a giant step towards its global ambitions when it formally announced on Tuesday its move to acquire Corus — the world’s seventh-largest steel...
Tata Steel offers to buy Corus Group for $10 bn
Tata Steel offers to buy Corus Group for $10 bn In the boldest bid for a foreign company by an Indian group, Tata Steel, on Tuesday said it had made a “non-binding offer” to acquire 100% stake in UK-based...
After Mittal, it could be Tata’s turn to feel the Russian heat
After Mittal, it could be Tata’s turn to feel the Russian heat Tata Steel, which has offered to buyout Anglo-Dutch steelmaker Corus, could face competition from Russian firms including Severstal, whose counter bid...
GTL acquires UK-based Genesis Consultancy
GTL acquires UK-based Genesis Consultancy Telecom network services firm GTL Ltd has acquired Genesis Consultancy Ltd, a UK based network services provider for $9 million (over Rs 40 crore) in an all-cash buyout. Genesis...
Buffett’s fund to buy Swiss reinsurer’s arm for $295m
Buffett’s fund to buy Swiss reinsurer’s arm for $295m Swiss reinsurer Converium has agreed to sell its North American unit to Berkshire Hathaway for $295m including debt, clearing a key hurdle in its quest...
Siemens, Nokia begin to merge Indian arms
Siemens, Nokia begin to merge Indian arms Germany’s Siemens and Finland’s Nokia have silently kicked off the process of integrating Siemens Public Communication Networks (SPCNL) with Nokia Siemens Networks...
Wal-Mart to buy Chinese hypermart chain for $1bn
Wal-Mart to buy Chinese hypermart chain for $1bn Wal-Mart Stores has agreed to buy a Chinese hypermarket chain for about $1bn to become the top foreign player in China’s fragmented retail market, a source familiar...
